Obama confirms fears about new financial regulator

posted by
October 9, 2011
Freedom Politics
by James Gattuso  
Posted in Commentary

"The newly created Consumer Financial Protection Bureau (CFPB) took a step forward today to getting its first director, as the Senate Banking Committee voted 12–10 to confirm Richard Cordray in the post. Even before the vote, however, President Obama raised the stakes. Referring to Bank of America’s decision to impose a $5 debit card fees, he declared that 'this is exactly why we need somebody whose sole job it is to prevent this kind of stuff from happening.'" (10/06/11)


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